The Following Standards for Variable Manufacturing Overhead Have Been Established

question 237

Multiple Choice

The following standards for variable manufacturing overhead have been established for a company that makes only one product: The following data pertain to operations for the last month:
What is the variable overhead rate variance for the month?

• A) $3,010 F
• B) $3,010 U
• C) $10,435 U
• D) $10,435 F

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Definitions:

Probable Cause

A reasonable basis for believing that a crime may have been committed, which is necessary for issuing warrants or making arrests.

Judge or Magistrate

Officials with the authority to conduct court proceedings, make legal decisions, and rule on legal matters.

Grand Jury

A legal body empowered to conduct official proceedings to investigate potential criminal conduct and determine whether criminal charges should be brought.

Probable Cause

A legal standard that requires a reasonable basis to believe a person has committed a crime, used in issuing warrants and arrests.